PEPE has shown some signs of life heading into July, but it’s still stuck inside a broader downtrend. After bouncing from key support late June, bulls attempted a rally, but the price quickly ran into resistance again.
So, what can we expect from the PEPE price in July?
How Did PEPE Perform in June?
PEPE started June around $0.00001100 but slowly drifted lower as the month went on. By mid-June, it had already slipped under $0.00000900, with sellers clearly in control.
Even when Bitcoin pumped toward the end of the month, bringing some altcoins back to life, PEPE price didn’t really catch the wave. It stayed stuck between $0.00000820 and $0.00000980, just chopping sideways without any real momentum.
There was a quick spike to $0.00001020 in the final days of June, but that move got rejected fast. It was a clear sign that bears aren’t done yet.
PEPE Chart Analysis
Looking at the PEPE 4H chart, the price remains firmly below the 200-period SMA, which is sitting around $0.00001108. This moving average has acted as a strong resistance level for weeks, and the PEPE price has yet to reclaim it.
Source: TradingView.com
The new rally attempt reached $0.00001020 only to be rebuffed at a known supply area. The price has now pulled back slightly to around $0.00001001, showing early signs of indecision.
July key resistance is $0.00001040. Breaking above this, and subsequently reclaiming the 200 SMA, could set the stage for $0.00001150–$0.00001200. Alternatively, if PEPE price falls below $0.00000950, then it can return to $0.00000880 or even June’s low of $0.00000820.
Technical Indicators (Monthly Timeframe)
Indicator Value Signal / Interpretation ADX(14) 36.45 Strong trend present, bearish direction CCI(14) 23.82 Neutral, no strong momentum Ultimate Oscillator 42.45 Weak buying pressure, bearish lean ROC 4.384 Slight positive momentum Bull/Bear Power(13) 0 No clear dominance
From the monthly indicators, momentum remains weak overall. The ADX confirms a strong trend, and given the price structure, that trend is likely bearish. ROC is the only positive signal here, hinting at a short-term bounce, but other indicators don’t support a sustained move just yet.
PEPE Price Forecast for July
Let’s break it down into two potential scenarios:
Bearish Scenario:
If bulls can’t hold $0.00000950, a retest of $0.00000880 or even $0.00000820 looks likely. Without fresh volume or strong market sentiment, this scenario currently feels more probable. A drop below $0.00000820 would put the PEPE price at risk of making new lows.
Bullish Scenario:
If PEPE can push past $0.00001040 and get back above the 200 SMA, there’s definitely room for a move toward $0.00001150 or even $0.00001200. But for that to actually play out, it’s going to need a boost in volume and some help from the overall market too.
Wrapping Up
PEPE price is still stuck below key resistance and lacks strength on higher time frames. Short of a more positive turn in the market or a spike in volume, the token can continue to be range-bound or trend lower in July.
What do you think? Tell us in the comments, waiting for a breakout in PEPE, or needing further confirmation? For now, it looks like the market is still undecided.
Read Also: SEI TVL Hits New High, While Price Eyes Breakout – What’s Next for SEI?
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The post PEPE Price Prediction for July appeared first on CaptainAltcoin.
